Employee Protection
SMART PLANNING FOR SMART BUSINESSES

If you own a small business there’s a smarter way to buy life cover for yourself and your key employees.

With a relevant life policy the business makes the payments, not the person who’s covered. That means you won’t pay any national insurance contributions or income tax on the premiums but you still get the benefits of corporation tax relief.

How a relevant life policy can cut company costs:

Remember, this is based on our understanding of current tax law which could change in the future.

Source: *Assumes that corporation tax relief at 20% has been granted under the ‘wholly and exclusively’ rules. In both cases we’ve assumed a payment of £1,000 each year for the life cover on an employee who’s paying income tax at 40% and employee’s National Insurance at 2% on the top end of income. We’ve also assumed that the employer is paying corporation tax at the small profits rate of 20% and will pay employer’s National Insurance at the contracted-in rate of 13.8%

To find the best way to protect you and your family, talk to us today.

Call us on 020 3463 8836

Find out more about protecting your people. Contact us now for a FREE consultation.

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“Half of being smart is knowing what you are dumb about.”

Solomon Short

Ablestoke’s Registration Number is: OC367708 and Place of Registration is: England. The Company Registered Office is : Admirals Offices, Main Gate Road, The Historic Dockyard, Chatham, Kent, ME4 4TZ.

Ablestoke Financial Planning LLP is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited, which is authorised and regulated by the Financial Conduct Authority. Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited are entered on the FCA register (https://www.fca.org.uk/register/) under reference 440703 and 440718.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

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